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Key Details
Sold Price $2,678,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS23017293
Year Built 1979
Lot Size 8,394 Sqft
Property Description
A rare investment opportunity in a desirable, non-rent controlled area of N Alhambra! Imagine the immense pride you'll feel at owning 6 well-maintained units in a 2- story apartment building just minutes from downtown Los Angeles. The seller had the dwelling custom -built for their own private use in 1979 and has now put the property up for sale for the first time. Enjoy peace of mind with a newly installed roof (in 2021) that comes with a warranty. Encompassing the building's 6,449 sq ft of leasable space is one townhouse style, 2 stories, spacious 4-bedrooms, 2.5 -bath unit with a 2-car attached garage; three 2-bedroom 1.5 bath units; one 2-bedroom 1 bath unit and one large 1-bedroom,1-bath unit. Most units have been updated recently. Each apartment unit features separate electricity /gas meter, individual water heater, dishwasher and central air and heat systems. Best of all, you can conveniently live in one while leasing the rest or for the investor seeking a property to add to their investment portfolio or for a 1031 exchange opportunity. The property also includes 10 carports and a 2 car garage. Enviably situated in Alhambra just North of main Street and bordering South Pasadena and within close proximity to Pasadena, you'll have easy access to the 10, 110 and 210 freeways with Burbank Airport, Dodger Stadium, the Huntington Library, transportation, shops, restaurants, banks, markets, golf course and Park nearby. The Alhambra Park is only less than half a block from subject property. Your tenants will be able to enjoy many Park amenities, including a swimming pool, fitness/tennis/basketball courts, and plenty of picnic areas with BBQs and benches for relaxing. Take advantage of this spectacular investment while you can! DRIVE BY ONLY. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB THE RESIDENTS/TENANTS.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned, Concrete, Covered, Driveway, Garage, Paved, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Sidewalks, Park
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Building
Lot Description Level, Near Park, Near Public Transit, Rectangular Lot
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with CAROL FONG • KW Executive